§ 5-28-41-15 — Application process

Indiana § 5-28-41-15

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 41: Regional Economic Acceleration and Development

Text

(a) An eligible regional economic
acceleration and development organization may submit an application
to the corporation for a grant or loan from the fund.
(b) An application for a grant or loan from the fund must be made
on an application form prescribed by the board.
(c) An applicant shall provide all information required by this
chapter.
(d) All applications for a grant or loan from the fund must include
a regional economic acceleration and development strategy that
complies with the requirements of a policy established under section
16 of this chapter and contain at least the following:
(1) A comprehensive development plan and timeline.
(2) A detailed financial analysis that includes the commitment of
resources and a return on investment analysis.
(3) A demonstration of the expected impact of the grant or loan on
the region and state.
(4) Any other information the board considers appropriate.
(e) An applicant for a grant or loan from the fund may request that
information that may be excepted from disclosure under IC 5-14-3 that
is submitted by the applicant be kept confidential.

Legislative History

As added by P.L.165-2021, SEC.64.